Finance News

Activity for Valuers Soars in a Year

Rose - August 18, 2015
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Activity for Valuers Soars in a Year

Activity for Valuers Soars in a Year

Valuers have experienced a busy summer, indicating healthy sales pipelines.

Connells Survey & Valuation states that its valuation activity in July was 57% higher than July last year.

Although there was a seasonal monthly drop of 24% in July compared to June, valuation activity for first time buyers rose by 40% on last year, by 48% for home movers and up a huge 76% for buy-to-let purchasers.

Ahead of the imminent base rate rise, remortgaging activity also soared by 75% compared with July 2014.

Corporate Services Director of Connells Survey & Valuation, John Bagshaw, says: “Housing market momentum is only getting stronger. Moreover, the yearly figures indicate that first time buyers are showing no real hesitancy in getting on the ladder.”1 

Comparing this year’s 57% growth to last year, July 2014 saw valuations drop on a monthly basis to 21%, but rose by only 14% annually, compared to July 2013.

1 http://www.propertyindustryeye.com/busy-summer-for-valuers-as-activity-soars-on-a-year-ago/